Business Secretary Vince Cable said the Royal Bank of Scotland's IT systems were "decades out of date" after the bank was fined £56 million for a computer failure that left customers unable to access their accounts.

This is another disastrous fine for RBS after a series of failures. RBS's priorities under Fred Goodwin meant that it neglected its IT systems, which in some cases are now decades out of date.

The new management is taking action by compensating people and investing in new IT which is right, but in many cases it's too little too late.

What matters now is that RBS can continue to overhaul its digital infrastructure to provide the modern services customers and businesses rightly expect.